Proposed amendments to the Bank Company Act

The Bank Company Act 1991 has been a subject of much criticism for long. The recent proposed amendments to the Act are believed to be intended to address some of the much talked about issues, particularly in respect of punitive actions against wilful defaulters. On account of the proposed amendments,...

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New realignment in the Arab World: UAE and Israel normalise relations

In a stunning development the United Arab Emirates and Israel declared on Thursday, August 13 to end decades of hostility and begin a new chapter in their relationship. Both announced recognition of each other and pledged to establish diplomatic relations. The UAE became the third Arab country to recognise Israel....

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